https://www.financialexpress.com/money/income-tax/your-queries-income-tax-set-off-long-term-loss-only-against-ltcg/2940173/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fjvstphpJimBzUur6
Day: January 9, 2023
Validity of Assessment order passed against dead person without brining on records his legal heirs*****
Clipped from: https://taxguru.in/income-tax/validity-assessment-order-passed-dead-person-brining-records-legal-heirs.html Legal Heirs of Late Sh Virendra Kumar Bhatnagar (Deceased) Vs ACIT (Delhi High Court) In the present case as admitted by the Respondent
GST: When any adverse decision is contemplated, personal hearing is a must
Clipped from: https://taxguru.in/goods-and-service-tax/gst-adverse-decision-contemplated-personal-hearing.html Graziano Transmission India Private Limited Vs State of Gujarat (Gujarat High Court) Section 75(4) of the CGST Act, 2017 provides that an opportunity
GST: When any adverse decision is contemplated, personal hearing is a must*****
Clipped from: https://taxguru.in/goods-and-service-tax/gst-adverse-decision-contemplated-personal-hearing.html Graziano Transmission India Private Limited Vs State of Gujarat (Gujarat High Court) Section 75(4) of the CGST Act, 2017 provides that an opportunity
CBIC constitutes Customs, Central Excise & Service Tax Settlement Commission to Settle Tax Notices*******
lipped from: https://www.taxscan.in/cbic-constitutes-customs-central-excise-service-tax-settlement-commission-to-settle-tax-notices/237696/ The Central Board of Indirect Taxes and Customs (CBIC) has constituted the much-awaited Customs, Central Excise & Service Tax Settlement Commission to resolve and settle
Delay in filing of TDS Return due to Lack of Professional Assistance is Mere ‘Technical Breach’: ITAT deletes Income Tax Penalty*****
Clipped from: https://www.taxscan.in/delay-in-filing-of-tds-return-due-to-lack-of-professional-assistance-is-mere-technical-breach-itat-deletes-income-tax-penalty/237566/ The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the delay in the filing of TDS returns due to lack of
Taxation On Online Gaming – A Taxation Perspective*******
Clipped from: https://taxguru.in/income-tax/taxation-online-gaming-taxation-perspective.html 1. WHAT IS ONLINE GAMING –A BRIEF INTRODUCTION ? Online gaming usually works on a subscription model i.e. users get charged only if they
Interest Income not to be assessed When Assessee is Non-Resident: ITAT*****
Clipped from: https://taxguru.in/income-tax/interest-income-assessed-assessee-non-resident-itat.html JCIT (OSD)(IT) Vs Rahul Rajnikant Parikh (ITAT Mumbai) Interest income need not to be assessed when assessee is a Non-resident The Income Tax
Time of supply of services – Section 13 of CGST ACT 2017*****
Clipped from: https://taxguru.in/goods-and-service-tax/time-supply-services-section-13-cgst-act-2017.html In my previous article I have discuss Time of supply of Goods ……..Now let us discuss Time of supply of services- Time of
Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT*****
Clipped from: https://www.taxscan.in/co-operative-society-eligible-to-claim-deduction-of-interest-from-deposits-in-co-operative-banks-itat-read-order/233522/ The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member Vikas Awasthy, decided that the cooperative society is entitled to claim
Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction*****
Clipped from: https://www.taxscan.in/income-tax-return-filed-after-due-date-under-section-80ac-itat-denies-deduction/233312/ The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has denied the claim for deduction as the income tax return was filed after the due date mentioned
Shares can be hold as both investment and stock-in-trade*
Clipped from: https://taxguru.in/income-tax/shares-hold-investment-stock-in-trade.html Dipakbhai Harishchandra Shah Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that as per CBDT circular no.4/2007 dated 15.6.2007 and 6/2016 dated 29-2-2016, person
The Budget should boost growth sentiments – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-budget-should-boost-growth-sentiments/article66354183.ece The Budget must address short-term concerns that plague industry, while also considering a plan to promote employment While the economy has comfortably surpassed
Tax implications on sale of flat built under joint development agreement – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-implications-on-sale-of-flat-built-under-joint-development-agreement/article66320179.ece A lowdown on the GST implications for on each leg of the transaction GST shall not be applicable on the sale of immovable
How to delete documents from DigiLocker – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/how-to/how-to-delete-documents-from-digilocker/article66352786.ece 4 steps to remove documents from DigiLocker DigiLocker services allow users to store documents in the cloud. Google has recently announced integrating DigiLocker
DigiLocker services: How to download UAN, PPO and Scheme Certificate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/how-to/digilocker-services-how-to-download-uan-ppo-and-scheme-certificate/article66352856.ece You can do it in six steps DigiLocker is a digital document wallet for individuals to store and access government-issued documents such as
Ease of doing business is not just Centre’s responsibility: FM – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/ease-of-doing-business-is-not-just-centres-responsibility-fm/article66352984.ece Nirmala Sitharaman said States, municipalities and even panchayats need to chip in Finance Minster Nirmala Sitharaman at an event in Kota, Rajasthan Finance
Managing bottomlines without losing sight of patient needs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/pulse/managing-bottomlines-without-losing-sight-of-patient-needs/article66346814.ece Recent acquisitions are raising concerns on public health priorities of financial institutions As the industry balances its act between an evolving Covid-19 situation
State Bank is changing its business model, quietly | Business Standard Column*****
lipped from: https://www.business-standard.com/article/opinion/state-bank-changing-its-business-model-quietly-123010800429_1.html Going beyond corporate loans, SBI is getting into vendor financing as well as supply chain and cluster financing, the buzzwords of banking these
Buyer is liable if builder fails to pay his EMI | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/subvention-scheme-doesn-t-absolve-buyer-from-repaying-123010800430_1.html The National Commission observed that the loan agreement entitled the bank to recover the EMI from the purchaser if the builder failed to
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